5 Stocks Boosting The Basic Materials Sector Higher

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 22 points (0.1%) at 16,095 as of Wednesday, Nov. 27, 2013, 12:00 PM ET. The NYSE advances/declines ratio sits at 1,757 issues advancing vs. 1,109 declining with 149 unchanged.

The Basic Materials sector currently sits up 0.1% versus the S&P 500, which is up 0.3%. Top gainers within the sector include CVR Energy ( CVI), up 6.7%, Valero Energy Corporation ( VLO), up 4.3%, HollyFrontier ( HFC), up 4.2%, Marathon Petroleum ( MPC), up 4.4% and Tesoro Corporation ( TSO), up 3.4%. On the negative front, top decliners within the sector include Laredo Petroleum Holdings ( LPI), down 5.0%, Weatherford International ( WFT), down 2.7%, Enbridge ( ENB), down 2.6%, Hess ( HES), down 2.1% and Pioneer Natural Resources Company ( PXD), down 1.5%.

TheStreet would like to highlight 5 stocks pushing the sector higher today:

5. Southern Copper Corporation ( SCCO) is one of the companies pushing the Basic Materials sector higher today. As of noon trading, Southern Copper Corporation is up $0.34 (1.4%) to $25.27 on average volume. Thus far, 1.1 million shares of Southern Copper Corporation exchanged hands as compared to its average daily volume of 1.7 million shares. The stock has ranged in price between $24.98-$25.54 after having opened the day at $25.00 as compared to the previous trading day's close of $24.93.

Southern Copper Corporation engages in mining, exploring, producing, smelting, and refining copper and other minerals in Peru, Mexico, and Chile. Southern Copper Corporation has a market cap of $21.2 billion and is part of the metals & mining industry. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are down 34.1% year to date as of the close of trading on Tuesday. Currently there are 3 analysts that rate Southern Copper Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.

TheStreet Ratings rates Southern Copper Corporation as a hold. The company's strengths can be seen in multiple areas, such as its increase in net income, notable return on equity and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. Get the full Southern Copper Corporation Ratings Report now.

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